Business & Finance Germantown, MD Pop. 90,676

Actuary Salary in Germantown, Maryland

The median actuary salary in Germantown, MD is $136,788 per year, which is 20.0% above the national median and 4.3% above the Maryland state average.

City Median
$136,788
vs State Avg
+$5,699
vs National
+$22,798
Cost of Living
115%

Actuary Salary in Germantown by Experience

In Germantown, an entry-level actuary earns around $84,000, while experienced professionals earn up to $210,000 per year. The local cost of living index is 115% of the national average.

Entry Level (0-2 yrs)
$84,000
+$14,000 vs national
Mid Level (3-7 yrs)
$138,000
+$23,000 vs national
Senior Level (8+ yrs)
$210,000
+$35,000 vs national

Salary Percentiles in Germantown, MD

Percentile Germantown
10th Percentile $82,080
25th Percentile $104,640
Median (50th) $136,788
75th Percentile $181,200
90th Percentile $235,212

Actuary Salary in Other Maryland Cities

Silver Spring, MD
$144,767
Pop. 81,015
Columbia, MD
$140,208
Pop. 104,681
Baltimore, MD
$128,809
Pop. 585,708
Waldorf, MD
$125,389
Pop. 77,000

How to Become a Actuary in Germantown

Education

Most actuary positions require a bachelor's degree. Germantown and the surrounding Maryland area have institutions offering relevant programs.

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Demand in Germantown may vary based on local industry and population growth.